United Kingdom Consumer Confidence August 2019

United Kingdom

United Kingdom: Consumer sentiment worsens in August

August 30, 2019

The GfK consumer confidence indicator registered minus 14 points in August, down from July’s minus 11 points. As a result, the index remained in negative territory, where it has been since April 2016, highlighting that consumers are broadly pessimistic.

August’s reading was driven by gloomier sentiment regarding personal finances and the general economic situation. Consumers also grew less willing to make major purchases.

According to Joe Staton, Client Strategy Director at GfK: “Until Brexit leaves the front pages – whenever that will be – consumers can be forgiven for feeling nervous not just about the wider economy but also about their financial situation.”

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.6% in 2019 and 1.5% in 2020.


Author:, Economist

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United Kingdom Consumer Confidence August 2019

Note: GfK Consumer Confidence Index.
Source: The GfK Group.


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